Markets dip as Canada's TSX and U.S. indices fall, but 2025 outlook remains positive amid policy hopes.
On the final Monday of 2024, Canada's S&P/TSX composite index fell by 175.81 points to 24,620.59, with U.S. markets also declining. The Dow Jones, S&P 500, and Nasdaq fell by 418.48, 63.90, and 235.25 points, respectively. Despite this pullback, investor sentiment remains high for 2025, driven by expected pro-growth policies and continued interest rate cuts in both countries. The energy sector in Canada finished positively, while tech and materials sectors saw losses. Markets are also watching for economic impacts of former President Trump's return to the White House.
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